deficiency balance

deficiency balance
deficiency balance
The difference between the amount due on a secured loan when combined with the value of the collateral where the collateral value is less than the loan balance (

United Glossary of Bankruptcy Terms 2012.

Glossary of Bankruptcy.

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  • deficiency — de·fi·cien·cy /di fi shən sē/ n pl cies: an amount that is lacking or inadequate: as a: the difference between the amount of tax owed and the amount of tax paid b: the difference between the amount owed under a security agreement and the amount… …   Law dictionary

  • deficiency judgment — see judgment 1a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. deficiency judgment …   Law dictionary

  • deficiency judgment — The imposition of personal liability on a debtor for the unpaid balance of a mortgage debt after foreclosure has failed to result in full payment of the debt amount due, or for the unpaid balance due after the repossession and resale of personal… …   Glossary of Bankruptcy

  • deficiency — The amount by which a project s cash flow is not adequate to meet debt service. Bloomberg Financial Dictionary * * * deficiency UK US /dɪˈfɪʃənsi/ noun [C] (plural deficiencies) ► [C] a situation in which something is not as good as it should be …   Financial and business terms

  • deficiency judgment — noun : a judgment for the balance of a debt after the security has been realized and the proceeds applied to payment; especially : such a judgment following foreclosure of a mortgage * * * Law. a judgment in favor of a creditor who has not… …   Useful english dictionary

  • deficiency — /dɪ fɪʃ(ə)nsi/ noun a lack of something, or the amount by which something, e.g. a sum of money, is less than it should be ● There is a £10 deficiency in the petty cash. ♦ to make up a deficiency to put money into an account to balance it …   Dictionary of banking and finance

  • deficiency account — noun : an account supplementing the balance sheet of a financially weak enterprise showing estimated realization values of assets and their insufficiency to meet creditors claims and occasionally indicating the causes of the difficulty * * * an… …   Useful english dictionary

  • Cant deficiency — The term cant deficiency is defined in the context of travel of a rail vehicle at constant speed on a constant radius curve. Cant itself is a British synonym for the superelevation of the curve, that is, the elevation of the outside rail minus… …   Wikipedia

  • Congenital adrenal hyperplasia due to 21-hydroxylase deficiency — Classification and external resources Deficient 21 Hydroxylase can lead to accumulation of 17 Hydroxyprogesterone ICD …   Wikipedia

  • Copper deficiency — Classification and external resources ICD 10 E61.0 ICD 9 275.1 Copper deficiency is a very ra …   Wikipedia

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